Regions Financial Corporation $RF Stake Decreased by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Regions Financial Corporation (NYSE:RF) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,764,898 shares of the bank’s stock after selling 41,053 shares during the quarter. Legal & General Group Plc’s holdings in Regions Financial were worth $156,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Hantz Financial Services Inc. raised its holdings in shares of Regions Financial by 40.8% during the fourth quarter. Hantz Financial Services Inc. now owns 7,101 shares of the bank’s stock valued at $192,000 after buying an additional 2,056 shares during the last quarter. Swedbank AB raised its holdings in shares of Regions Financial by 2.4% during the fourth quarter. Swedbank AB now owns 765,429 shares of the bank’s stock valued at $20,743,000 after buying an additional 18,140 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of Regions Financial by 22.6% during the fourth quarter. Prospera Financial Services Inc now owns 33,876 shares of the bank’s stock valued at $918,000 after buying an additional 6,236 shares during the last quarter. Jefferies Financial Group Inc. raised its holdings in shares of Regions Financial by 21.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 142,593 shares of the bank’s stock valued at $3,864,000 after buying an additional 25,570 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Regions Financial by 4.0% during the fourth quarter. LSV Asset Management now owns 9,286,352 shares of the bank’s stock valued at $251,660,000 after buying an additional 357,101 shares during the last quarter. Institutional investors own 79.39% of the company’s stock.

Regions Financial Price Performance

NYSE RF opened at $28.08 on Thursday. Regions Financial Corporation has a 12 month low of $20.79 and a 12 month high of $31.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $23.96 billion, a PE ratio of 11.70, a P/E/G ratio of 1.10 and a beta of 1.02. The company’s 50 day simple moving average is $27.13 and its 200 day simple moving average is $27.37.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Regions Financial had a net margin of 23.13% and a return on equity of 12.70%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that Regions Financial Corporation will post 2.61 EPS for the current fiscal year.

Regions Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a $0.265 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.06 annualized dividend and a yield of 3.8%. Regions Financial’s payout ratio is 44.17%.

Wall Street Analyst Weigh In

RF has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $32.00 price target on shares of Regions Financial in a report on Tuesday, March 3rd. Brean Capital began coverage on shares of Regions Financial in a research note on Thursday, March 12th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Regions Financial from $31.50 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley lowered their price objective on shares of Regions Financial from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Finally, DA Davidson raised their price objective on shares of Regions Financial from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.47.

Insider Transactions at Regions Financial

In other Regions Financial news, EVP Brian R. Willman sold 7,014 shares of Regions Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $27.91, for a total value of $195,760.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

Regions Financial Company Profile

Regions Financial Corporation (NYSE: RF) is a U.S. bank holding company headquartered in Birmingham, Alabama, that provides a broad range of banking and financial services. Its primary banking subsidiary, Regions Bank, serves retail and commercial customers through a combination of branch and ATM networks, digital channels and relationship-based delivery. The company offers deposit accounts, consumer and commercial loans, mortgage origination and servicing, and payment and treasury services.

In addition to core banking, Regions offers wealth management, trust and brokerage services, insurance solutions, and capital markets capabilities to corporate and institutional clients.